Friday, July 22, 2011

Nokia posts massive loss, blames 'ambiguity' • The Register

Not a lot of ambiguity; Symbian is legacy, Meego is a dead-end, and, quoting from later in the article, “volume shipments of [Nokia] Windows-based devices won't materialise until next year”

Nokia posted a large operating loss of €487m today, only its second quarterly loss in 19 years. And without the royalty settlement with Apple it would have been much worse: the settlement gifted Nokia a one-time bonus of €430m.

"Our new strategy introduced ambiguity," admitted CEO Stephen Elop. The figures tell a story of unit sales and margins both crashing dramatically.